Some of the benifits of training
Improved employee performance – the employee who receives training is more able to perform in their job. Employees who are competent and on top of changing industry standards help companies position as a leader and strong competitor within their industry.
Improved employee satisfaction and morale – the investment in training shows employees that they are valued. The training creates a supportive workplace.
Addressing weaknesses – Most employees will have some weaknesses in their skills. Training allows you to strengthen the skills that each employee needs to improve.
This helps reduce any weak links within the company who otherwise can not complete tasks.
Consistency – A robust training and development program ensures that employees have a consistent experience and background knowledge. Increased efficiencies in processes results in financial gain for the company.
Increased productivity – Productivity usually increases when a company implements training courses. Increased efficiency in processes will ensure project success which in turn will improve the company turnover and potential market share.
Increased innovation in new strategies and products – Ongoing training and upskilling of the workforce can encourage creativity. New ideas can be formed as a direct result of training and development.
Reduced employee turnover – staff are more likely to feel valued if they are invested in and therefore, less likely to change employers. Training and development is seen as an additional company benefit. Recruitment costs therefore go down due to staff retention.
Enhances company reputation and profile – Having a strong and successful training strategy helps to develop your employer brand and make your company more attractive to potential new recruits who seek to improve their skills and the opportunities associated with those new skills.
The importance of training really cannot be overemphasized.